Judy Smith - Deer Creek and Deer Creek Highlands - June 2020

12020 Shamrock Plaza, Omaha, NE 68154

JUDY SMITH REALTOR ®, CRS, CLHMS, CRB, CNHS, ABR, SRES

DEER CREEK NEIGHBORHOODS Ju n e 2 0 2 0 • R e al E st at e M ark e t Re po rt

402.598.3678 JudySmithRE@gmail.com www.JudySmithTeam.com www.DeerCreekHomeowners.info

Living, Loving, and Promoting Our Community Since 2004

WHEN LIFE CHANGES, SO DO YOUR NEEDS. Jonathan-Thomas and Angela-Marie, Homes are still being bought and sold in the midst of this pandemic. If you need to sell your house and would like to know the current status of our local market, contact Judy Smith today at 402.598.3678 to create a safe and effective plan that works for you and your family.

JUDY SMITH Your Neighbor and Deer Creek Neighborhoods Real Estate Specialist

P R E PA R E D E S P E C I A L LY F O R

Jonathan-Thomas and Angela-Marie Williams

DEER CREEK

JUDY SMITH REALTOR ® , CRS, CLHMS, CRB, CNHS, ABR, SRES

402.598.3678 JudySmithRE@gmail.com www.JudySmithTeam.com www.DeerCreekHomeowners.info

“Judy is an experienced and very effective agent. She understands the Omaha market very well and is well-connected throughout the area.

She helped sell our unique property.

Potential buyers appreciated her genuine and approachable style.”

30+ Years in Real Estate Top Producing RE/MAX Agent!

5 - S TA R R E V I E W

NEIGHBORHOODS Ju n e 2 0 2 0 • C u r re n t M ark e t A c ti vi t y

JONATHAN-THOMAS AND ANGELA-MARIE, This market report was created especially for you because I feel you deserve to know what’s happening in the Deer Creek Neighborhoods. If you are looking to buy or sell in the area, call me today.

JU DY S M I T H | 4 0 2 . 5 9 8 . 3 6 7 8

AVAILABLE HOMES IN DEER CREEK NEIGHBORHOODS

THE SELLING FRENZY IS COMING NOW IS THE TIME TO GET YOUR HOME READY TO SELL!

MARKET FACTORS

RESILIENCE

ALWAYS ESSENTIAL

Prior to COVID-19, the housing market showed signs of a hot spring season. The pre-pandemic market strength gives many experts hope that losses are temporary.

During four of the last five recessions, home prices continued to increase. The only exception was in 2008; however, this was triggered by real estate itself.

What separates the stability of the housing market from other economic indicators like the stock market? It comes down to need. People will always need a place to live.

The comeback is expected to be quick. With historically low interest rates, home buyers and investors will start buying at the first signs of normality.

This will only delay spring purchasing, setting the stage for a frenzy by July.

While the housing crisis is still fresh on our minds, the U.S. housing market has weathered all other recessions since 1980.

Traditionally, the housing market actually aids the economy in recovering from recessions.

After regulations lift, there will certainly be hesitant buyers, but there will also be those patiently waiting to enter the market and take advantage of low interest rates. Life itself is not paused, and large life events haven’t stopped.

$548,613

10

3,620

ACTIVE LISTINGS

AVG. ACTIVE LIST PRICE

AVG. SQUARE FEET*

Beds Range: 3 - 6 Baths Range: 2 - 5

Lowest: $333,500 Highest: $699,900

Lowest: 1,800 Highest:5,100

11 HOMES PENDING IN DEER CREEK NEIGHBORHOODS 9 HOMES SOLD IN DEER CREEK NEIGHBORHOODS STATUS

ADDRESS

Sold

(LAST 5 MONTHS)

BEDS

BATHS

EST. SQ. FT.*

LIST PRICE

SOLD PRICE

SOLD DATE

7438 N 124 Street

3

5

6,200

$725,000

$690,000

04/27/20

Sold

12959 Eagle Street

3

2

1,700

$300,000

$300,000

04/10/20

Sold

12765 Reynolds Street

4

3

3,100

$500,160

$500,000

04/09/20

Sold

12301 Grebe Street

3

2

1,800

$333,500

$341,703

03/12/20

Sold

7520 N 130 Street

5

6

6,700

$735,000

$720,000

03/06/20

Sold

7803 N 127 Avenue

3

4

4,200

$625,000

$610,000

03/02/20

Sold

8069 N 129 Avenue

3

2

1,700

$295,000

$295,000

02/28/20

Sold

12933 Eagle Circle

3

2

1,700

$308,100

$308,000

02/28/20

Sold

11549 Scott Street

3

2

1,900

$350,000

$358,000

01/06/20

Source: https://www.mymove.com/buying-selling/covid-19/post-covid-real-estate-frenzy/

Jonathan-Thomas and Angela-Marie, Timing is critical to take advantage of the coming market. Waiting until summer will be too late — it’s important to stand out. Call me to help get your home ready; it’s what I do best! 402.598.3678 Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

Judy Smith, RE/MAX Real Estate Group, and The RE/MAX Collection are not in any way affiliated with Deer Creek Nighborhoods Association, nor is this in any way an official advertisement or publication of Deer Creek Neighborhoods. © 2020 RE/MAX. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to OABRMLS for December 8th, 2019 through May 8th, 2020. Listings and sales may not be those of RE/MAX Real Estate Group. OABRMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. Sales of new homes not reported to the MLS are not contained within this report. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.*Square footage rounded to the nearest hundred.